Cybersecurity

    Reporting on regulatory requirements, enforcement actions, and best practices to safeguard financial institutions and markets against cyber threats, data breaches, and vulnerabilities through proactive measures.

    Data Privacy

    CBA Pays Record Penalty for Breaching Consumer Data Right Rules

    By Sanday Chongo Kabange | 10/12/2025

    The penalty comes after CBA failed to enable data sharing for some business accounts, forcing customers to use less secure workarounds.

    Data Privacy

    China Consults on Draft Mandatory Data Security Risk Assessment Rules

    By Sanday Chongo Kabange | 09/12/2025

    New draft measures mandate annual assessments for handlers of "important data" and look to standardise risk reporting across industries.

    Fraud, Scams & Cybercrime

    Taiwan Suspends Xiaohongshu for One Year Over Cyber, Fraud Risks

    By Mark Johnston | 05/12/2025

    Taiwan authorities are blocking the Chinese social media platform after it failed security assessments and was linked to TWD 247 million in scam losses.

    Payments & Settlements

    Philippine Proposes Rules Targeting Payment System Disruptions

    By Sanday Chongo Kabange | 05/12/2025

    The BSP’s draft rules mandate new incident reporting timelines and detailed business continuity plans for participants of the Peso RTGS.

    Cybersecurity

    FSS Korea Probes Coupang Pay, Gmarket After Major Data Breaches

    By Mark Johnston | 05/12/2025

    The FSS is scrutinising payment systems at major e-commerce platforms amid concerns over inadequate cybersecurity investment in the sector.

    Cloud & Infrastructure

    RBI Issues Guidelines for Digital Banking Channels

    By Nithya Subramanian | 03/12/2025

    The updated digital banking rules consolidate guidelines and strengthen authorisation, security and customer protection as online and mobile services expand.

    Cybersecurity

    China to Give Public Security Officials Powers to Conduct Cyber Inspections

    By Mark Johnston | 03/12/2025

    2018 rules will be updated to institute annual cyber and data security checks on operators of critical information infrastructure by public security authorities.

    Anti-Money Laundering

    Indonesian Authorities Collaborate to Protect Financial Sector Integrity

    By Nithya Subramanian | 02/12/2025

    Indonesia’s OJK, PPATK and BSSN signed new cooperation pacts to reinforce AML/CFT measures and bolster cybersecurity across the financial sector.

    Custody & Infrastructure

    Korea FSS Issued Stern Warning to Upbit Over Crypto Hack

    By Manesh Samtani | 02/12/2025

    The regulator signalled it would take strong measures in response to the $30 million theft at Upbit linked to North Korean actors.

    Fraud, Scams & Cybercrime

    Malaysian Telcos Activate MyDigital ID to Curb Mobile Fraud

    By Nithya Subramanian | 02/12/2025

    The rollout includes Single Sign-On (SSO) integration with the national digital identity platform, enhancing safeguards against account breaches and phishing attempts.

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